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Bitcoin / U.S.dollar(BTCUSD) Elliott Wave Technical Analysis 21 December 2022


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Elliott Wave Analysis TradingLounge Daily Chart, 21 December 2022,

Bitcoin / U.S.dollar(BTCUSD)

BTCUSDE lliott Wave Technical Analysis

Function: Counter trend

Mode:Corrective

Structure:Zigzag

Position: Wave (B)

Direction Next higher Degrees: wave ((2)) of Motive

Details: Wave retracement ((2)) is usually equal to .618 or .786 x Wave ((1)).

Wave Cancel invalid level:15479

Bitcoin / U.S.dollar(BTCUSD) Trading Strategy: BTC BTC is still under selling pressure as it remains below MA200 and MA50 wave oscillator below Zero-Line Momentum is Bearish, if the price drops below 15479 it will lead to a Diagonal pattern. be extra careful

Bitcoin / U.S. dollar (BTCUSD)Technical Indicators: The price is below the MA200 MA50,indicating a downtrend. The wave oscillators above Zero-Line momentum are bearish

TradingLounge Analyst: Kittiampon Somboonsod

 

1662586762_BTCDay.thumb.png.45ed4b4aa71a4a46ce5703f11e647053.png

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 2 December 2022,

Bitcoin / U.S.dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode:Corrective

Structure:Zigzag

Position: Wave (B)

Direction Next higher Degrees: wave ((2)) of Motive

Details: Wave retracement ((2)) is usually equal to .618 or .786 x Wave ((1)).

Wave Cancel invalid level:15479

Bitcoin / U.S.dollar(BTCUSD) Trading Strategy: BTC BTC is still under selling pressure as it remains below MA200 and MA50 wave oscillator below Zero-Line Momentum is Bearish, if the price drops below 15479 it will lead to a Diagonal pattern. be extra careful

Bitcoin / U.S. dollar (BTCUSD)Technical Indicators: The price is below the MA200 MA50,indicating a downtrend. The wave oscillators above Zero-Line momentum are bearish.

218406103_BTCH4.thumb.png.d92f0a84423cf3989913b9f20d641777.png

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